This weekly column explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading position or action we have taken or intend to take based upon the analysis given.
Wright Medical (WMGI)
Wright Medical was also amongst the biggest winners this week. The firm had previously announced the extension of the closing date to the tender offer from Stryker as the company